Wells Fargo to Introduce Tokenized Deposit Service for Business Customers

BlockBeats News, August 4th, according to The Wall Street Journal report, Wells Fargo is planning to launch tokenized deposit services for corporate and commercial clients this fall, marking the latest sign of a large bank embracing the digital asset space.

The U.S.'s fourth-largest bank by asset size stated that customers will be able to transfer funds, program, and settle transactions around the clock through tokenized deposits.